1606 Magnolia St
Richmond, VA 23222
Industrial Property For Sale

NAI Dominion is pleased to offer this Industrial/Flex or Light Manufacturing opportunity! We are marketing 16,000 SF of industrial space, zoned M1, on 1.4 acres. The subject site is located about 3 miles from Downtown Richmond, on the fringe of the Magnolia Industrial Park. FOR SALE OR LEASE _ ASKING 1,950,000 or $10/SF NNN.

Ownership, a multi-state regional roofing supply group, purchased and improved the site about 3 years ago and has had great success in this location. So much so they need to expand and need a larger facility. The building is cinder-block and brick construction, originally constructed in 1953, at 10,000. The site was later expanded in the 1990's to incorporate another 10,000 SF. The site features approx. 1,500 SF of office space and 18,500 SF of sectioned warehouse/manufacturing and distribution space, 2 loading docks, and a drive-in grade level door. The site has a large, flat and fenced yard, with ample parking for trucks, trailers or possible expansion of the site, offers quick and easy highway access, and appealing M1 zoning. The Metal roof is about 35 years into its 100-year life.

This asset is being made available and is very attractive to a number of potential tenants, owner-operators or investors. Richmond has a thin industrial inventory thanks to its designation as a five-star logistics city. More than 50 percent of the US population is within a one-day drive. The Richmond Airport is Foreign Trade Zone #207. Logistics and transportation infrastructure are complemented by a skilled workforce numbering nearly 750,000 and rapidly growing. Richmond’s central location on the U.S. east coast provides an ideal advantage. Businesses benefit from proximity to major business, financial and governmental and shipping/logistics hubs, and availability to global markets.